The Nifty formed the Doji Candle on 24 March in the daily chart and this Doji Candle is showing large scale institutional buying. The next day the Nifty formed a long candle with a gigantic volume and filled the previous gap which confirms to a strong trend but when the Nifty enters in the C wave with no voice gap. This indicates a weak trend and short-term buying. We may see a sharp drop in the index in the future.
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